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30 sats \ 1 reply \ @galt 10 Nov \ on: How Can Mining Asteroids in the Future Make Us Richer Today? econ
Will there be two gold prices, Earth gold and alien gold? How come the price of diamonds has not come close to nothing now that they synthetic diamonds can be routinely made in a lab. Using gold for its unique properties would be great but economically mining asteroid gold still feels far away
I hadn't thought about there being two prices. That does happen for cosmetic diamonds, so maybe something similar would happen with gold.
That might put a somewhat higher floor under the gold price, but industrial and monetary gold value is based on its material properties.
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